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SA Media Clips 23 - 28 August

In the ungodly hours of Monday morning, for a fleeting moment the rand fell to R14 to the dollar, its lowest level in history. Although Standard Bank trader Warrick Butler was wide awake…MG

Rand's spiral offers no real silver lining

Amid poor economic data, most notably poor gross domestic product (GDP) numbers and a weakening currency, the low oil price is a reminder that things could be worse…MG

Producer inflation dip promises brief respite

The production costs of producers rose much slower than expected last month, which should limit the extent to which they pass on higher prices to consumers…BDLIVE

Nene holds off on 2% growth revision

Finance Minister Nhlanhla Nene said on Thursday the government would have to be realistic in its economic growth forecasts when it presents its medium-term budget in October, but it is hard to…BDLIVE

Drought: Land Bank will help farmers

The drought that has hit key agricultural provinces hard, causing anxiety over food security and the spectre of higher food price increases, has not affected the…BUSINESS REPORT

Retailers rue costs of power outages

Two of SA’s largest retailers on Thursday offered a measure of consumers’ financial health and the economy when they posted mixed-sales growth, indicating a squeeze on…BDLIVE

Ramatlhodi mired in new mine rights row

Aquila Resources, a subsidiary of China’s state-owned Baosteel, which has had a long-running battle with the Department of Mineral Resources over a manganese deposit, is poised to approach the courts to seek a judicial review if a…BDLIVE

Producer inflation for July decreases marginally

Producer inflation for final manufactured goods was 3.3% year on year in July, decreasing marginally from the 3.7% year-on-year rise recorded in…BDLIVE

PPI slows in July

South Africa’s Producer Price Index unexpectedly slowed in July, dropping down to 3.3 percent from 3.7 percent in the previous month…BUSINESS REPORT

Nene says state concerned about effect of economic slowdown on revenue

The government is concerned about its ability to raise revenue in the light of an economic downturn, Finance Minister Nhlanhla Nene said on…BDLIVE

Nene concerned by economic downturn

South Africa's government is concerned about its ability to raise revenue in the light of an economic downturn, Finance Minister Nhlanhla Nene said on…BUSINESS REPORT

The take-home pay of formal-sector employees increased faster than the inflation rate, which may have supported consumer spending…BDLIVE

SA unions call for collaboration

Trade unions were still relevant for workers in the country and they needed to be united to push their interests…BUSINESS REPORT

Huge focus on platinum in SA mine jobs plan

The mining industry, unions and the government have committed to a broad plan to stem job losses, including boosting platinum by promoting the metal as a central bank reserve asset, according to a…FIN24

SA's Reserve Bank is driven by panic: Economists

Economists say the statement by the Reserve Bank is driven by panic. The central bank said it may intervene in the exchange rate after the…SABC NEWS

Economy contracts unexpectedly in second quarter

The economy contracted unexpectedly in the second quarter of this year compared with the first quarter — the first drop since the first quarter of last year…BDLIVE

SA’s economy contracts

South Africa's economy contracted by 1.3 percent in the second quarter of 2015 after rising by 1.3 percent in the first three months of the year, Statistics South Africa said on…BUSINESS REPORT

SA GDP contracts by 1.3% in second quarter

South Africa’s real Gross Domestic Production (GDP) contracted by 1.3% in the second quarter of 2015, Statistics South Africa has announced on…FIN24

Higher prices concern as rand drops to record low

The rand’s slump to a record low against the dollar on Monday after a 15% depreciation this year may force ­interest rates higher and lead to food price increases…FIN24

Rand ‘getting caned’ amid fears after record low

The rand tumbled to a record low and stocks sank the most in more than five years on concern that plunging global commodity prices will worsen the country’s economic outlook…BDLIVE

Rand extends gains as global mood perks up

The rand extended gains at midday on Tuesday, with a broad recovery in equity markets outweighing the weak domestic gross domestic product (GDP)…BDLIVE

First-quarter revenue collection falls short of target

Revenue collection in the first quarter of the 2015-16 fiscal year was R2.1bn below the targeted R245bn for the period…BDLIVE

‘I made mistakes, she’s making drama’

Axed Passenger Rail Agency of South Africa (Prasa) chief executive Lucky Montana has declared war on Thuli Madonsela after her report on Monday that Prasa had blown billions under his…BUSINESS REPORT